RTM reefton mining nl

Apparently 2 cphm3 is breakeven in african diamond mining...

  1. prawnsrus
    66 Posts.
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    04/02/05
    09:12
    Post #: 779256
    Apparently 2 cphm3 is breakeven in african diamond mining operations. rtm uncovered a 20.6 cphm3 area on the 30 metre beach series according to their quarterly!

    NDC got 100US per carat for their exploration parcel, so if rtm's diamonds are twice as big, perhaps they could get 200US per carat if they are the same quality as NDC's.

    rtm have 494 carats in their quarterly which would be worth about US$100,000 (A$130,000) at 200US per carat.
    RTM Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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